More of the best mortgage deals to be aimed at first-time buyers.

First-time buyers will continue to benefit from an increased choice of the best mortgage deals, as the availability of credit is set to rise in 2012.

Lenders say they are committed to offering more low deposit mortgages specifically aimed at the first-time buyer market.

MoneyFacts advise out of the best mortgage deals currently available there are 49 for borrowers with a 5 per cent deposit, which is twice as many as were available in the same period last year.

The number of mortgage products offered by lenders to those borrowers who have a 10 per cent deposit also has increased from two years ago, figures show 332 products available which is a significant increase on the 114 offered in 2012.

By promising to increase the number of low deposit deals, lenders are offering hope to many first-time buyers. However demand is outstripping supply. Low deposit mortgages tend to be around for only 27 days before becoming fully subscribed.

Many High Street lenders have confirmed that they have plans this year to make a larger proportion of credit available to more first-time buyers. One such lender is the HSBC, who have announced plans to lend £3 billion to first time buyers in 2012.

The Nationwide also plan to commit more of the best mortgage deals currently on offer to first-time buyers, advising they will do more to help the first time sector. However, any increased commitment does not mean that lending confidence, shaken by the eurozone crisis has grown.

Deal Direct are familiar with mortgage lending criteria and lenders latest rates and are best placed to source you a competitive deal